Location: New York, NY, USA.
Based on news reporting.
Citigroup Inc. has announced the layoff of 500 employees as part of its ongoing restructuring efforts. The job cuts are aimed at streamlining operations and improving efficiency within the organization. The layoffs are set to take effect on January 15, 2023, and are part of a broader trend of workforce reductions across various sectors. Citigroup's decision reflects the challenges faced in the current economic climate, as the company seeks to adapt to changing market conditions and enhance its competitive position.
Citigroup Inc. cut 500 jobs as of January 15, 2023.
That is roughly 0.2% of the 229,000 people Citigroup Inc. employs.
LayoffTalk has tracked 13 layoff events at Citigroup Inc. since January 2023, affecting a combined 12,500 employees.
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